Whales are continuing to collect large amounts of BTC. Bitcoin remains strong around $120,00, less than 3 % below its record high of $123 180. The latest data released by Bitcoin Magazine Pro shows that the number of accounts holding more than 100 BTC reached an all-time record of 18,996.
Chart provided by Bitcoin Magazine Pro The data shows that the number of addresses with at least 100 BTC is steadily growing, surpassing the previous high of 18,544 on February 26, 2017 This data is a good example. “can be used alongside the other Address Balance charts to understand whether adoption is increasing or decreasing generally for Bitcoin over time, and also whether usage is increasing or decreasing among specific cohorts,” Bitcoin Magazine Pro notes.
Corporate treasuries are aggressively adding Bitcoins to their balance sheet, which is driving this surge. Michael Saylor’s Strategy, which has a total of 60% in treasury since Donald Trump’s win at the elections, more than doubled their Bitcoin holdings. The Trump Administration has introduced crypto-friendly policies and rolled back some enforcement measures from the Biden era. This coincides with an accumulation of Bitcoins.
Consequently, over 160 public companies now hold Bitcoin as a primary reserve asset—up from just 43 in 2023. Notable players include David Bailey’s Nakamoto, which is poised to purchase over $760 million worth of BTC After its merger is completed with KindlyMD. Jack Maller’s Twenty One Capital already holds 43,514 BTC making it the 3rd largest corporate owner in the world.
A Bitcoin address is a string of 26–35 characters, functioning like a public key that allows users to send and receive BTC. There is no limit on the number of addresses that a wallet can store, nor does there exist a theoretical limit for how much Bitcoin an address can have. Addresses with smaller holdings (e.g. 0.1 BTC), are increasing as well, but the increase in addresses that have over 100 BTC shows a growing concentration of high-value holders.
With only 21 million BTC to ever exist—and about 19 million already mined, of which an estimated 3 million are lost—the race to secure large Bitcoin holdings is intensifying. Bitcoin may surpass its previous high in coming days, if the current trend continues. The pressure from institutional buyers is still relentless.
Disclosure: Nakamoto has partnered with Bitcoin Magazine parent company BTC Inc. to create the first global network for Bitcoin Treasury Companies. BTC Inc. provides marketing services to Nakamoto. This can be read more about. here.
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Source: bitcoinmagazine.com
